POSaBIT Reports Third Quarter 2026 Financial Results
Key Highlights
- ➤Point of Sale revenue up 39% year over year in Q3
- ➤Gross profit $2.02 million, up 5% year over year
- ➤Net loss narrowed 80% year over year to $118,328
- ➤Adjusted EBITDA reached $638,776 in Q3
- ➤POSaBIT paid down Perga loan by $1 million early
Expert Statements
Ryan Hamlin, CEO and Co-founder of POSaBIT
“Our Point of Sale business continues to deliver strong growth, up 39% year over year in Q3. That growth expands our recurring revenue from monthly and annual SaaS fees, which reduces risk to the business and makes our forecast more predictable”
Ryan Hamlin, CEO and Co-founder of POSaBIT
“With approximately $4 million of cash on hand, we elected to pay down our loan with Perga Capital Partners by $1 million ahead of schedule and negotiated new terms that benefit the Company.”
Ryan Hamlin, CEO and Co-founder of POSaBIT
“Our Brand Portal for producers and processors keeps gaining ground in Washington, with most of the state’s top cannabis brands now live on the platform”
Ryan Hamlin, CEO and Co-founder of POSaBIT
“Combining our dominant Washington retailer footprint with our growing brand relationships puts POSaBIT in a strong position to connect the entire cannabis ecosystem in our home state.”
Ryan Hamlin, CEO and Co-founder of POSaBIT
“This quarter we shipped two of our biggest AI investments yet. The first is the new POSaBIT MCP server, an AI connector that gives vendors and retailers direct AI access to their data. The second is a full refresh of our back-end merchant portal, built with our internal AI capabilities, which makes it easier for retailers to manage their Point of Sale”
POSaBIT Systems Corporation (CSE: PBIT, OTC: POSAF) (the “Company” or “POSaBIT”), a leading provider of Point of Sale and payment solutions for the cannabis industry, today announced its financial results for the third quarter ended September 30, 2026.
“Our Point of Sale business continues to deliver strong growth, up 39% year over year in Q3. That growth expands our recurring revenue from monthly and annual SaaS fees, which reduces risk to the business and makes our forecast more predictable,” said Ryan Hamlin, CEO and Co-founder of POSaBIT. “With approximately $4 million of cash on hand, we elected to pay down our loan with Perga Capital Partners by $1 million ahead of schedule and negotiated new terms that benefit the Company.”
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